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48 sats \ 0 replies \ @SimpleStacker 3 Aug 2023 \ on: Is MicroStrategy's accumulating btc hoard good or bad? bitcoin
It has the potential to be a serious problem. Price manipulation is a major possibility when controlling 1% of the supply, as the 24hr transaction volume is only about 2% of total supply, according to Coinbase. Another possibility is jamming the network with spam transactions, which can be used for example in a LN double spend attack